Greenblatt on BetMGM results and future election betting. |
I concur with you.
The only time this share price goes up strongly is when there are takeover rumours…otherwise the market does not seem interested.
Would not surprise me if we are around £7 tomorrow. |
Entain has been destroyed and a wonderful ftse stock for earnings
and future earnings, how much are we going to be making in 2026
and onwards, 1bn entain plus growth and US going positive with massive growth.
dyor
Forgot to say we are valued at $4bn lol, a quarter of what we are worth
but being held nicely down for a US predator,we should have massive director buys after the results or they are obviously in on it too.
I feel we need an explosive AGM this stinks to high heaven.
I will shut up now. |
Dealt at 741.92 |
Well it's a while since I bought uk market but about to top up with 2500 shares this am - hope I'm not throwing good money away! |
4 weeks until entain results…what are the odds that we don’t hear any bad news to knock the share price before then?? |
I think the fact that entain can then use that cash for its own needs at the moment is great news. From a management time view have they even been able to look at the other businesses the last few years with everything that has gone on. |
Our joint venture in the US is breaking even so what will it earn
in profits in 2026? Our Entain has guided to top end of expections
at 1.09bn and we are being valued at £4bn, ha ha ha ha, what a buy
for someone, unless WE call at egm to get listed in the US and
drop the UK.
dyor |
I think we will open strongly.
dyor |
II closing report:
Back in London and Entain shot up 6.2% after it said its US betting joint venture, BetMGM LLC, should break-even this year after sales accelerated in the second half of 2024.
BetMGM, is jointly owned by Entain and MGM Resorts International.
Entain said BetMGM's iGaming offering, strengthened sports product and enhanced player engagement had delivered accelerating growth and performance metrics through 2024.
As a result, it expects to be earnings before interest, tax, depreciation and amortisation positive in 2025 with net revenue of USD2.4 billion to USD2.5 billion.
In 2024, BetMGM reported net revenue of USD2.10 billion, up 7.1% from USD1.96 billion a year prior. |
Cheer up we’ve had a good day - unlike Vodafone!
Suet |
It would not surprise me if this drops to £7 tomorrow….as much as I loathe it |
Indiana looking at Sept 1 igaming launchShould be a strong open, US shares firm Robinhood has been told to halt sports betting via an option route by the authorities & Flutter is now up 4 bucks since London closed on the back of this |
Should have finished on a high but alas 30p knocked off by the US, Probably the draftkings crew and the guardian holding us down for the inevitable bid.dyor. |
iGaming roll-out - no new US States expected in 2025. However nine States have passed enabling legislation in 2024 to support the pathway to introducing iGaming. They are paying a close watch on three - Maryland, Illinoi & New York.
Expectation is that there will at some point be many more iGaming States but timeframe is uncertain. |
Await the taxman to get excited at those numbers. Especially New York. |
January was better than record December |
Impressive Qtr on Qtr growth acceleration - moving into FY2025. It does look like BetMGM are now really on their game. Oozing confidence. |
My post 12416 shows the accelerating igaming numbers into year end at flagship Michigan state. With 8 states looking into adding iCasino this year signals a dramatic sea change in momentum & realisation of the income that can be extracted Hugely encouraging |
I hope we can end the day on a high note |
Draftlings worth twenty billion what is our fifty percent worth then? |
I gaming “a juggernaut” |
Q4 “ a materially different business” |
Jan best month ever in both segments |
'Casholaa4 Feb '25 - 12:20 - 12461 of 12469
0 0 0
I hope we open at 1200p tomorrow.'
I just hope we can end the day blue! |
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